BTC has been following a falling trendline on a daily timeframe since it touched its all-time high. The price broke above the trendline with an aggressive rally and now is correcting itself before any further rally. We should expect a correction towards $39k before a further rally towards $45k.
LTC has been in a range between $142 and $146 since early December. Range traders can benefit from the structure until it works. It is going to break in any direction, eventually, only then we can see a directional market.
At this point, the price is in a rising channel, and currently hurling around an all-time high and the resistance of the rising channel. We could see a sharp rally towards $3 if it breaks out. Otherwise the correction towards $2.10 will be imminent before moving further up.
After breaking above $77 and the expanding wedge structure, the market had an aggressive rally in the last couple of days. We hope to see the test or break above the psychological level of $100 soon.
